Guidelines on the Establishment of Banks

The BSP, as part of its chartering process, puts emphasis on the suitability of shareholders, adequacy of financial strength and sufficient expertise and integrity of management, among others, in ensuring that the proposed bank will be operated in a secure and prudent manner.

The application for authority to establish a bank shall be submitted to the Office of Supervisory Policy Development (OSPD). Following are the relevant guidelines and forms for the establishment of banks: